Now, PayRupees will get free AEPS ID
Money Transfer + Electric Bill + PAN Card + Recharge + Insurance + Loan Repayment + LPG Gas Book + QR Pay Via upi + fastag etc
Get all these services for free.
What to do if you want to get a ID:
The free ID will be given to the person who has any company Aeps I’d do, without Price Money! That could be any company.
Any company that has aeps ID or has worked or worked. If you give a screenshot of that ID, you will get a free Spice Money ID.
Documents For Agent I’d
1) Aadhaar card with signature
2) Pan card with Singnture*
3) Bank passbook copy/ cancel cheque
4) Your passport size photo
5) Declaration Video*
6) Mobile number
7) Email id
Benefits of AEPS to Customers
• Make an instant payment without Smartphones
• PIN or Passwords are not needed
• Easy to use for cashless payment
• Easily pay from any bank account that is linked with the Aadhaar Card
• Highly secured as it works with biometric authentications
• Cashless transaction so need to worry about cash
- In order to further speed track Financial Inclusion in the country, Two Working Groups were constituted by RBI on MicroATM standards and Central Infrastructure & Connectivity for Aadhaar based financial inclusion transactions with members representing RBI, Unique Identification Authority of India, NPCI, Institute for Development and Research in Banking Technology and some special invitees representing banks and research institutions.
- The working group on MicroATM standards & Central Infrastructure & Connectivity has submitted its report to RBI. As a part of the working group it was proposed to conduct a Lab level Proof of concept (PoC), integrating the authentication & encryption standards of UIDAI, to test the efficacy of MicroATM standards and transactions using Aadhaar before they are put to actual use. The PoC was successfully demonstrated at various venues.
- AePS is a bank led model which allows online interoperable financial inclusion transaction at PoS (MicroATM) through the Business correspondent of any bank using the Aadhaar authentication.AePS allows you to do six types of transactions.
- The only inputs required for a customer to do a transaction under this scenario are:-
- Bank Name
- Aadhaar Number
- Fingerprint captured during enrollment.
- To empower a bank customer to use Aadhaar as his/her identity to access his/ her respective Aadhaar enabled bank account and perform basic banking transactions like cash deposit, cash withdrawal, Intrabank or interbank fund transfer, balance enquiry and obtain a mini statement through a Business Correspondent
- To sub-serve the goal of Government of India (GoI) and Reserve Bank of India (RBI) in furthering Financial Inclusion.
- To sub-serve the goal of RBI in electronification of retail payments.
- To enable banks to route the Aadhaar initiated interbank transactions through a central switching and clearing agency.
- To facilitate disbursements of Government entitlements like NREGA, Social Security pension, Handicapped Old Age Pension etc. of any Central or State Government bodies, using Aadhaar and authentication thereof as supported by UIDAI.
- To facilitate inter-operability across banks in a safe and secured manner.
- To build the foundation for a full range of Aadhaar enabled Banking services.
Banking Services Offered by AePS
- Cash Deposit
- Cash Withdrawal
- Balance Enquiry
- Mini Statement